Onarga, Iroquois County, Illinois Property Taxes

Name: Property Tax Bills Across Onarga, Iroquois County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Onarga, IL effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Onarga, IL home value: $123,096
Median annual Onarga, IL tax bill: $3,102, $702 higher than the national median property tax bill of $2,400.

How are property taxes in Iroquois calculated?

Property taxes in Onarga, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Onarga’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Onarga, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Onarga, Iroquois County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$2,819

$2,616

Ownwell’s Onarga Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Onarga with just two data points. By entering your property's estimated assessed value, our calculator applies Onarga’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Iroquois County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Iroquois County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Onarga, Iroquois County, Illinois

Local government entities in Illinois set property tax rates, which can vary widely within the state. Each county, including Iroquois County, estimates its required budget to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Onarga, located in Iroquois County, the effective property tax rate is 2.29%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Onarga's rate is among the highest, reflecting the county's specific budgetary needs and property values. Additionally, the median property tax bill in Onarga surpasses the national median of $2,400, indicating a higher financial obligation for property owners in this area. Understanding these rates can help property owners make informed decisions and potentially seek tax appeal services to manage their expenses effectively.

Property Tax Rates Across Onarga, Iroquois County, Illinois

Source: Ownwell

2.29%

2.65%

3.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Onarga Tax Rate

2.29%

Median Effective Iroquois County Tax Rate

2.59%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Onarga, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60955	1.38%	1.84%	2.29%	2.84%	3.16%

Source: Ownwell

Property Tax Assessment Values Across Onarga, Iroquois County, Illinois

When examining property taxes in Onarga, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Iroquois County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Iroquois County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Onarga. For example, the median home price in Onarga is $123,096, with tax bills ranging significantly across the county. Zip code 60955 has the highest median home price at $123,096.

Property Tax Assessment Values Across Onarga, Iroquois County, Illinois

Source: Ownwell

$79,238

$114,214

$149,190

Median Onarga Market Value

$123,096

Median Iroquois County Market Value

$114,710

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Onarga, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60955	$37,550	$74,648	$123,096	$182,732	$255,347

Source: Ownwell

Property Tax Bills Across Onarga, Iroquois County, Illinois

Property tax bills in Onarga, located in Iroquois County, IL, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This value is a percentage of the property's market value and is multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. In Onarga, the median home price is $123,096, and property tax bills can vary significantly, with the 25th percentile at $1,759 and the 75th percentile reaching $5,253. Comparatively, the national median property tax rate is 1.02%, with a median bill of $2,400. Homeowners in Onarga may find themselves paying higher taxes than the national median. Ownwell helps homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property data and identifying discrepancies, Ownwell can assist in reducing property tax bills, offering significant savings for homeowners.

Property Tax Bills Across Onarga, Iroquois County, Illinois

Source: Ownwell

$2,117

$3,220

$4,322

Median Onarga Tax Bill

$3,102

Median Iroquois County Tax Bill

$3,017

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Onarga, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60955	$786	$1,759	$3,102	$5,253	$7,667

Source: Ownwell